God The global coating equipment market size reached a value of USD 19.58 billion in 2021. Looking ahead, IMARC Group expects the market to reach a value of 27.7 billion dollars by 2027presents a CAGR of 5.70% during 2022-2027.
What is coating equipment?
Coatings are a mixture of film-forming materials applied to various substrates, including polymers, glass, metals and ceramics, to improve their aesthetic appeal and functional properties. The equipment used to apply these coatings is usually available in liquid, powder and specialty versions. This helps ensure proper mixing and drying of different materials, improves operational efficiency and promotes uniform application of paints or coatings on different components. As a result, coating equipment finds extensive applications in the construction, industrial, automotive, and aerospace industries worldwide.
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Note: We regularly monitor the direct impact of COVID-19 on the market, along with an indirect effect of related industries. These observations will be incorporated into the report.
Trends and drivers in the coating equipment market:
The global coating equipment market is primarily driven by the increasing adoption of products in commercial and residential establishments due to ongoing construction projects and the growing need to industrialize the liquid gasket coating process with improved efficiency. Moreover, the rising adoption of electric vehicles (EVs) due to growing environmental consciousness has increased the demand for coating equipment to impart aesthetic appeal and protect vehicle substrates and components from rust and other damages.
In addition, many product innovations, such as the introduction of special coating equipment and extensive technological advancements in coating processes to meet evolving requirements for various applications, have accelerated market growth. Furthermore, the increasing use of powder coating equipment in door frames, building facades, aluminum windows, bathrooms and electrical accessories due to its beneficial properties, such as longevity, durability and environmentally friendly nature, is contributing to the growth of the market.
Other factors, including the growing need for alternatives to cost-effective coating systems, population growth, inflation of disposable income and rising living standards, are also expected to drive the market further.
|Scope of Coating Equipment Report|
|Market size value in 2021||19.58 billion dollars|
|Market forecast for 2027||27.7 billion dollars|
|growth rate||CAGR of 5.70% from 2022 to 2027|
|Base year for the estimate||2021|
Global Coating Equipment Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market is explored in the report with the detailed profiles of the key players operating in the market.
Coating equipment companies:
Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius Srl, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.
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The report has segmented the market on the basis of region, product, distribution channel and application.
Breakdown by product:
• Powder coating equipment
• Liquid coating equipment
• Special coating equipment
Breakdown by distribution channel:
• Wholesale distributor
• Retail distributor
Separation by application:
Division by region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, others)
• Europe: (Germany, France, UK, Italy, Spain, Russia, others)
• Latin America: (Brazil, Mexico, others)
• Middle East and Africa
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Key highlights in the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Porter’s five forces analysis
• Market factors and success factors
• SWOT analysis
• the value chain
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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